Technology & Analytics
Present Day Impact of Great New England Hurricane: Karen Clark & Co.
The Great New England Hurricane of 1938 would cost insurers $35 billion if it happened today, according to a report released by catastrophe risk experts Karen Clark & Co. (KCC) on the 75th ...
AIR Worldwide Provides Risk Modeling for More than $25B in Total Cat Bond Issuance
AIR Worldwide on Monday announced it has provided risk modeling and analytical services for more than $25 billion in catastrophe bond issuance, encompassing more than 115 transactions since the ...
Allstate CEO Dismisses GEICO Threat in Race for Auto Insurance Market Share
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car-insurance market share in the last three years, said competitor GEICO could struggle to expand sales as it seeks to sell more ...
Future of AIR Worldwide’s Touchstone to Include Non-Cat Risk Analysis
Catastrophe modeling firm AIR Worldwide on Monday announced that its next-generation software platform, Touchstone, will include the ability to account for both catastrophe and non-catastrophe risks ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...
Predictive Analytics: Bringing Price Elasticity Concepts to P/C Insurance
The concept of price elasticity of demand has not received enough attention in the world of property/casualty insurance. Regulatory hurdles, a tradition of cost-plus pricing and maybe even an ...U.S. Firms Seen as Targets of Syrian Cyber Attacks
The U.S. is planning for a possible wave of computer attacks against companies by hackers connected to Syria or Iran in retaliation for any military strike against the government of Bashar al-Assad, ...
UBI Awareness Up But Still Only 36%, Survey Finds
A survey of more than 2,000 consumers published last week reveals that awareness of usage-based insurance has tripled in the last three years. But the survey figures published by LexisNexis Risk ...